Beeks Financial Cloud Share Discussion Threads

[masurenguy] 15/1/2020 07:19

Even more positive news !

Glasgow, 15 January, 2020 -- Beeks Financial Cloud Group Plc, a cloud computing and connectivity provider for financial markets, is pleased to announce that it is expanding its international footprint with three new datacentres, located in Singapore, London and Paris. This brings Beeks' international network to a total of 15 datacentre locations worldwide in key financial hubs.

Beeks is taking space in the Equinix SG1 datacentre, marking the Company's second site in Singapore, and in Equinix LD8, becoming its fourth site in London. The Company is also launching in France, within the Equinix PA3 Paris datacentre. Continued growth in client demand for these locations has prompted the expansion, with all new locations backed by initial client deployments, as per Company expansion policies. The addition of these three new locations, and an increase in capacity at existing sites, means Beeks has increased its datacentre capacity by approximately 45% in the last nine months, demonstrating the scale of customer demand for its expanding service offerings.

[windsor430] 07/1/2020 15:03

Excellent - their CEO was on LinkedIn yesterday saying there was several pieces of interesting news coming out this month - pleasing start.

[mobtheplod] 07/1/2020 09:44

There are several news sites that take the news feeds.

[ali47fish] 07/1/2020 09:14

Masuren where are thse news published and do you have a link please!

[masurenguy] 07/1/2020 07:04

More positive news !

Cloud computing firm expands competitive positioning through £2m grant from Scottish Enterprise

7 January 2020 - Beeks Financial Cloud Group, the Glasgow-based leading cloud computing and connectivity provider for financial markets, is pleased to announce it has received a Scottish Enterprise R&D grant to invest in its Network Automation project. The funding will allow for acceleration of the project, which will facilitate growth and expansion at the Company's Glasgow headquarters and enable Beeks to broaden its product offering, in particular to the Tier 1 financial services market. The grant is payable in instalments over the next three years and is expected to contribute up to approximately £2.0m based on an overall project spend of up to £4.2m. Customer self-service and automation is at the heart of Beeks' strategic objectives and is a key differentiator for Beeks in the financial services cloud computing sector. This cross-system project aims to fully automate Beeks' network infrastructure deployment, enhancing Beeks' ability to capitalise on the growing adoption of cloud computing infrastructure by Tier 1 financial institutions.

Gordon McArthur, CEO of Beeks Financial Cloud commented: "We are extremely grateful for Scottish Enterprise in their support for our strategic Network Automation initiative. The project will further strengthen our position as a leading provider of cloud computing services to financial markets, increasing the differentiation of our offering and helping to accelerate our future growth. We are proud to service our international customer base from our Glasgow headquarters and are delighted to be able to continue to expand our team in Scotland."

[masurenguy] 28/12/2019 09:43

This is a good medium term hold as there will be predators circling here in due course. I would expect them to be taken out within 2 years. The real question will be the valuation that Gordon McArthur has in mind and how achievable that might be.

[5chipper] 20/12/2019 18:44

Yes, very welcome update.

Just kicking myself for dragging my heels and not topping up in the 80ps!

[masurenguy] 20/12/2019 18:37

Nice rise to break back over 100p following today's announcement, which triggered a 22% increase in the Offer price from last nights close at 90p to 109.95 tonight.

[masurenguy] 20/12/2019 07:34

Two positive new developments illustrated by these contract wins !

Beeks Financial Cloud Group PLC
20 December 2019

Beeks has secured its first $1m annualised contract, with a global financial markets technology provider ("the Technology Provider"). Beeks will provide the Technology Provider with a global deployment of private cloud infrastructure. Beeks will be the preferred cloud vendor for on-demand infrastructure provision globally, to complement the Customer's existing secure, high-performance data and voice communications solutions delivered to the global financial markets. The SaaS-based contract will commence in January 2020 and is committed to grow to a run rate of $1m annually, with the potential for further expansion thereafter.

Open Banking and Payment Solutions Provider. Beeks has also signed a three-year contract with a cloud-based payments solution provider ("the Payments Provider"). The contract is worth £1.1m over three years, with implementation due to be completed in the first half of calendar year 2020. This is the first win for Beeks in the growing Open Banking and Payments sector, demonstrating the security of the Beeks' offering and applicability to this new segment of the financial markets. Beeks will design and supply a private network and fully managed infrastructure environment, enabling the Payments Provider to expand its secure and resilient end-to-end Payments-as-a-Service solution for financial institutions and regulated Fintech organisations. New regulations, such as the second Payment Services Directive (PSD2) and the Open Banking reforms, which require the sharing of financial data, are driving a shift towards new Open Banking and Payments offerings within Financial Services and the growing adoption of cloud-computing to deliver them. Beeks Financial Cloud's proven capabilities and global network mean it is ideally placed to support Financial Services institutions in this move to cloud-based infrastructure, providing an expanding addressable market for the Company and the opportunity for continued growth in the Open Banking sector.

[masurenguy] 21/11/2019 14:29

New thread, with charts, here.

[masurenguy] 21/11/2019 14:28

New thread

Link to the old thread for legacy posts.

[masurenguy] 21/11/2019 14:27

Beeks Financial Cloud is a leading cloud computing and connectivity provider for financial markets, offering low-latency Infrastructure-as-a-Service (“IaaS”) to retail and institutional traders in foreign exchange, financial futures, equities, fixed income and cryptocurrency asset classes. Based in the UK, Beeks supports its global customers at scale in the leading financial centres.


Major Shareholders: 1st October 2023
Gordon McArthur: 37.60%
Canaccord Genuity: 13.00%
Lombard Odier: 5.40%
Artemis: 4.44%
Cazenove: 4.04%
Octupus: 3.93%
Liontrust: 3.48%

Top 7 investors hold 71.89% of the shares in issue.

Beeks has raised £27m in 3 placings over the past 5 years.
1. The IPO - £7m from 9m new shares + existing shareholder sales of 5m shares @50p 27 Nov 2017.
2. £5.0m was raised @ 115p per share via a placing on 7 April 2021.
3. £15m was raised @165p via a placing on 5 April 2022.

I first invested here at 47.1p on 5 January 2018. Have added since and my current average share cost is just under 60p as at early September 2021.

NB: Subsequently sold 35% of my stake at the end of September 2021, at an average price of 198.2p. This sale more than recovered my full investment here. However, I plan to retain the residual holding of 65% as a long term investment as I expect BKS to be acquired by a predator in due course.



Previous ADVFN thread on BKS for legacy reference:


Company Investor Relations:

[masurenguy] 15/10/2019 13:49

Hardly an unsurprising move by the founder/ CEO who still owns circa 60% of the company. Interesting to discover who the acquisitor is and whether it is a subsequent partner or an institutional investor.

Beeks Financial Cloud Group PLC
15 October 2019
This announcement contains inside information
Proposed Secondary Placing

Beeks Financial Cloud Group plc announces that it has been advised by Gordon McArthur, Chief Executive Officer of the Company, that he intends to sell approximately 2,640,484 Ordinary Shares in the Company at a price of 84p per share. The Sale Shares represent approximately 5.19% of the issued share capital of the Company. Gordon McArthur is currently interested in 30,115,677 Ordinary Shares, representing approximately 59.21% of the issued share capital of the Company. Following the proposed transaction, Mr McArthur has agreed not to dispose of any of his remaining shareholding for a period of at least 12 months. A further announcement will be made in due course.

[masurenguy] 14/10/2019 10:17

They only published their final results circa 6 weeks ago ! There is no scheduled update until the interim's which will be due around the end of February/early March.

[ali47fish] 14/10/2019 09:34

anyone knows here when the next update is please!

[boonkoh] 09/10/2019 09:43

Some good momentum here, onow volumes! News leak?

[masurenguy] 22/9/2019 14:16

Goes XD next week. Frankly I think that the company would be better off not paying a dividend at this stage of its development. The total dividend cost is circa £180,000, which is around 17% of post tax profits and these funds could be better utilised within the business. It is only really meaningful to Gordon MacArthur who will pick up circa £105,000 since he still holds just under 60% of the shares.

[boonkoh] 21/9/2019 23:25

Probably a flurry of interest due to StatPro takeover. Same sector (B2B tech in the financial services sector). Beeks looks cheap compared to US fintech shares.

[masurenguy] 05/9/2019 08:09

Agreed Siborgz. The forward outlook was also well defined by the CEO.

"The market environment is positive, with a growing number of financial institutions turning to the flexibility and scalability offered by Infrastructure as a Service. This positive market backdrop, combined with an increased breadth of offering and depth of experience within our sales team, means our sales pipeline is considerably larger than ever before and our existing customers continue to increase their use of the Beeks Financial Cloud. While the more strategic Tier 1 engagements naturally take longer to close, the number of opportunities in which we are engaged gives us confidence that we will secure additional long-term Tier 1 customers this year."

[siborgz] 05/9/2019 07:28

A strong set of results in my opinion. We know the focus is on 2020. The biggest take away points for me are the outlook section which states 'considerably increased sales pipeline', 'confident of securing additional tier 1 customers' so they are obviously in discussions with a number of them and further acquisition opportunities. Not too concerned about the slight fall in EPS as this is just a reflection of the increased investment coming through in depreciation which is a non cash item. One other point to consider is the recurring income was before they announced the recent two big wins so this will be much higher. I would expect a large jump in EBIDTA a year from now as they say in the report the capacity is now there for future growth so cost growth will slow down in comparison to GM growth.

[masurenguy] 06/8/2019 12:51

An interesting view, Siborgz. If your analysis turns out to be correct then I will not have any problem with such a move. I'm invested in BKS as a growth share and dividend payments in my view are premature and of little consequence, especially with a yield of less than 1%.

[siborgz] 05/8/2019 18:21

At first I thought that Gordon selling shares (exactly £150k) was a worrying sign but there could potentially be some positive to this RNS. Running the calculations if we add the interim and final dividend together to total 0.5p per share and multiply it by 30.2 million shares, which is his interest prior to today's disposal, then it also equates to £150k. So in my view dividend will be cancelled to fund potential future investments and acquisitions while Gordon maintains his take home pay. Combined with a strong second half and two big wins on contracts I can only assume the future is bright. I think the global sell off has only made the fall look worse than it appears.

[masurenguy] 31/7/2019 14:39

Update - RNS today that Y/E results will now be published on September 5th.

[masurenguy] 29/7/2019 18:41

Results last year were published on August 29th. The recent trading update stated that this year they would also be published in late August.